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Mortgage Market Update
Ashley Zierer
Ashley Zierer
Friday, November 6, 2026
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How much equity are you sitting on? |
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Hi there. I wanted to touch base on something a lot of homeowners overlook—the equity they've quietly built in their home.
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National Mortgage Rates · November 4, 2026
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Conventional 30-Year
7.12%
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Source: Optimal Blue daily mortgage indices via FRED
Rates shown are national mortgage index rates and are provided for informational purposes only. Actual rates vary based on credit profile, loan amount, and market conditions. Please contact us for a personalized rate quote.
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Equity Building
Your home equity might be worth more than you think
Every mortgage payment you make builds equity—the difference between what your home is worth and what you owe on the loan. Over time, this grows into real financial flexibility. If you've owned your home for a few years, you may have accumulated more equity than you realize, which can open doors: refinancing to better terms, accessing funds for improvements or life events, or simply knowing your net worth is climbing. The tricky part is that most people don't check. A quick conversation with me can help you understand where you stand and whether your equity is working for you. You might be surprised at what you've built. Let's talk about your equity and what options it might unlock.
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Tip of the Week
Closing costs typically run 2-5% of the loan amount. Ask your lender for a Loan Estimate so there are no surprises.
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Tips for Homeowners
Protecting Yourself from Mortgage Scams
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1.
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Wire fraud is one of the fastest-growing real estate scams. Never wire closing funds based solely on email instructions — always verify account numbers by calling your title company at a number you look up yourself.
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2.
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Loan modification and foreclosure rescue scams target homeowners in distress. Legitimate help is available free through HUD-approved counseling agencies at 800-569-4287.
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3.
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Be wary of unsolicited offers to refinance or cash out equity at terms that sound unusually favorable. If someone contacts you out of the blue, verify their NMLS license number at nmlsconsumeraccess.org.
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Have questions about how any of this affects your mortgage or home purchase? We're here to help — reach out to the Ashley Zierer team any time and we'll walk you through your options. |
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Your Mortgage Advisor
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Ashley Zierer
Ashley Zierer
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